The International Finance Corporation has agreed to provide Maroc Telecom two loans totaling €370 million to enable the Moroccan telecom group support its subsidiaries in Chad and Mali.
The IFC funding will help to enhance mobile connectivity and improve the quality of mobile internet. It will also support the rollout of 4G services,bringing faster,more reliable internet to more people and businesses across both countries.
“Operating in the sub-Saharan Africa region for more than 20 years,Maroc Telecom Group’s strategy is to enhance telecommunication and associated products to serve a fast-growing young population,” says Mohamed Benchaaboun,CEO of Maroc Telecom.
Maroc Telecom provides all telecom services,from fixed line to mobile,and obviously broadband data access. In all its operations,mobile data is key to access internet,and 4G services are helping to reduce the digital divide in Africa.
The financial support of IFC to Maroc Telecom operations in Chad and Mali will boost network coverage with a better quality of service,allowing massive adoption of 4G and supporting the countries’ development.
It will also provide further opportunities to enhance the portfolio of offers and services,such as Mobile Money which is critical for financial inclusion.
“Supporting cross-border investments through regional champions like Maroc Telecom is a strategic priority for IFC—especially in fragile and conflict-affected areas,where economic development fosters stability,” said Makhtar Diop,IFC Managing Director.
“By mobilizing private capital to expand digital infrastructure,we’re unlocking opportunities for innovation,skills development,and job creation across Africa—fully aligned with the continent’s priorities”,underlined the IFC Director.
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